15-6-220. Exemption for canola facilities and malting barley facilities. (1) The following property is exempt from property taxation:
     (a) machinery and equipment used in a canola seed oil processing facility; and
     (b) machinery and equipment used in a malting barley facility.
     (2) "Canola seed oil processing facility" means a facility that:
     (a) extracts oil from canola seeds, refines the crude oil to produce edible oil, formulates and packages the edible oil into food products, or engages in any one or more of those processes; and
     (b) employs at least 15 employees in a full-time capacity.
     (3) "Malting barley facility" means a facility and integral machinery and equipment used principally to malt malting barley and includes machinery and equipment to mix, blend, transport, transfer, or process the barley and malt at the facility.

     History: En. Sec. 2, Ch. 285, L. 1999.